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Economics Quotes

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Economics Quotes

“The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.”

Firsts Desire Numbers Resources Economics Infinite Goods Chasing Finite Finite Number

Author:Thomas Sowell

“In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.”

Desire Faith Economy Economic Economics Pretension Hope And Faith Coexist Respectability Economy And Economics Deep Desire

Author:John Kenneth Galbraith

“First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.”

Firsts Bigs Desire Time Three Economic Economics Stomach Macs Insatiable Economy And Economics Big Mac

Author:Douglas Horton

“Economics is not an attempt to generalize human desires or human behavior; but to generalize the phenomena of price.”

Humans Desire Behavior Economics Human Behavior

Author:Michael Joseph Oakeshott

“Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.”

Want Kind Self Problem Desire Resources Economics Add Defining

Author:Thomas Sowell

“Our necessities are few, but our wants are endless.”

Want Desire Economics Endless

Author:George Bernard Shaw

“The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.”

Desire Liberty Activity Economics Competition Profit Libertarian Libertarianism Businessman Engaging

Book:Knowledge And Decisions

Source: Knowledge And Decisions

“The self-anointed media elite among us believe, somewhat self-servingly, that not only the act, or process of making a profit is positively sinister, but also that the very desire to do so is.”

Believe Self Desire Process Business Media Economics Criticism Profit Elites Positively Sinister Belive

Author:Lachlan Murdoch

“The desire for economic prosperity is itself not culturally determined but almost universally shared”

Desire Economic Economics Prosperity Determined Economic Prosperity

Book:Trust: the social virtues and the creation of prosperity

Source: Trust: the social virtues and the creation of prosperity

“The desire to achieve grand utopian plans often poses a grave threat to freedom.”

Desire Plans Achieve Economics Threat Graves Utopian Desire To Achieve European Integration

Author:Margaret Thatcher

“The best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear from thrust back, by the efforts of others to push themselves forward.”

Humans States Reason Desire Poor Effort Human Nature Economics Thrust

Book:Principles of Political Economy: With Some of Their Applications to Social Philosophy

Source: Principles of Political Economy: With Some of Their Applications to Social Philosophy